KARACHI: The Directorate General of Customs Valuation has revised the customs value of bleached/unbleached Kraft liner board and paper Valuation Ruling No 989/2016 under Section 25A of the Customs Act, 1969.
The Customs values of bleached/unbleached kraft liner board and paper were determined under section 25-A of the Customs Act 1969. Valuation Ruling No.833/2016 dated 19.04.2016. All Pakistan Paper Merchants Association has requested for revisiting the above mentioned ruling to reflect the current price trend in international market and in light of order of the Sindh High Court (SHC) in CP No.6918/2015 dated November 11, 2015. Accordingly an exercise was undertaken to examine contents of the associations request and to determine the Customs values of the subject goods in the light of pre\ ailing international market prices.
A stakeholders’ meeting held on 03.11.2016. All participants were requested to submit the documents included Invoices of imports during last three months showing factual value, Websites names and E-mail addresses of known foreign manufacturers of the item in question through which the actual current value can be ascertained, copies of contracts made / LCs opened during the last three months showing the y, copies of sales tax invoices issued during last three months showing the difference in price (excluding duty and taxes) to substantiate that the benefit of difference in price is passed on to the local buyers.
The meeting was attended by commercial importers, local manufacturers and members of All Pakistan Papers Merchants Association. Association submitted that the prices of cached; 1. Kraft Liner Board & Paper had been reduced considerable in the International market. The local manufacturer however, contended that values of subject goods seen no significant change in the international market. Some importers submitted import invoices.
